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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
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Trade deficit widens by 3.6% YoY in Aug, at 21.18 bln over eight months
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Volatile energy and bond markets tighten pressure on government
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Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
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Manufacturing stays in expansion in Sep despite slight PMI moderation
Inflation to persist, creating more economic policy challenges
It has become increasingly evident that the inflation clouds which started gathering above the Greek economy since June last year are not going anywhere soon as the authorities had hoped when they started announcing a series of support initiatives for households and businesses several months ago.
Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had not changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized price index of 0.8 pct.
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